Burnham Park Yacht Club Inc
- Assets
- $644.8k
- Revenue
- $537.3k
- Investments
- $0.0
- Employees
- 37
- Location
- Chicago, IL
- Founding
- 03/2001
- Data as of
- 10/2020
- EIN
- 23-7060724
Organization Overview
Burnham Park Yacht Club Inc is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Burnham Park Yacht Club Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burnham Park Yacht Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Burnham Park Yacht Club Inc generated $537.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $554.7k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES A FULL SERVICE YACHT CLUB TO PROMOTE PARTICIPATION IN ALL FACETS OF RECREATIONAL BOATING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING CLUB FACILITIES, CLASSES AND SOCIAL EVENTS FOR OUR MEMBERS
MAINTAINING CLUB FACILITIES, CLASSES AND SOCIAL EVENTS FOR OUR MEMBERS
MAINTAINING CLUB FACILITIES, CLASSES AND SOCIAL EVENTS FOR OUR MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Garrett Commodore | Officer | 5 | $0 |
Cj Dillon Secretary | Officer | 5 | $0 |
Jt Del Alcazar Vice Commodore | Officer | 5 | $0 |
Vern Ables Treasurer | Officer | 5 | $0 |
Jack Macione Rear Commodore | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,241 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $255,468 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $537,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $91,979 |
| Fees for services: Management | $309 |
| Fees for services: Legal | $2,873 |
| Fees for services: Accounting | $6,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,542 |
| Office expenses | $2,705 |
| Information technology | $29,298 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,024 |
| All other expenses | $0 |
| Total functional expenses | $554,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,180 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191,945 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,461 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $644,780 |
| Accounts payable and accrued expenses | $28,093 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,093 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $616,687 |
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